10:08, 21 May
Today manufacturing PMI will be released from both Germany and Eurozone side. On the other hand Philadelphia Fed PMI and manufacturing PMI figures will be announced on U.S. side. We think that these data will be important for the pair.
The pair had declined from our resistance level which is 1.0990. We think that any up movements can give a selling opportunities if the pair satays below the 1.0990.
Resistance levels : 1.0990 – 1.1020 – 1.1050
Support levels : 1.0920 – 1.0900 – 1.0850